Asia300

Industrial & Commercial Bank of China Ltd.

China

  • 1m
  • 3m
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  • 1y
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Sep 20, 2017
Prev close: 5.85
Sep 20, 2017
Market cap:
Market cap(USD):
2,361.27B
302,497.78M
Shares: 356,406.26M

Currency in HKD

Company profile

Market(Ticker): HKG(1398)
Sector:
Industry:
Finance
Major Banks
Full time employees: 461,749

Business summary

Industrial & Commercial Bank of China Ltd. engages in the provision of commercial banking and financial services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Operations, and Others. The Corporate Banking segment offers corporate loans, trade financing, deposit-taking and custody activities, corporate wealth management, and corporate intermediary services. The Personal Banking segment provides personal loans, deposit-taking activities, card business, personal wealth management, and personal intermediary services. The Treasury Operations segment involves money market transactions, investment securities, foreign exchange transactions, and the holding of derivative positions. The Others segment represents the leasing services, as well as the assets, liabilities, income, and expenses that are not directly related or cannot be allocated to a segment. The company was founded on January 1, 1984 and is headquartered in Beijing, China.

Company background

Industrial and Commercial Bank of China (ICBC) is China's largest bank. Established in 1984, ICBC is one of China's four biggest state-owned commercial banks, alongside China Construction Bank, Agricultural Bank of China and Bank of China. ICBC was simultaneously listed on both the Hong Kong Exchange and the Shanghai Stock Exchange on Oct. 27, 2006.

As of the end of 2014, ICBC had 5.09 million corporate customers and 465 million retail customers. In addition to its 17,000 domestic branches, it has branches in 41 countries.

ICBC is also focusing on Internet banking. It has strong earning capacity, thanks to its vast customer base and the country's regulated bank deposit rates. ICBC and U.S. bank Wells Fargo are competing head to head for the world's top bank in terms of market capitalization.

Its revenue mainly comes from its domestic branches. Its subsidiaries include a leasing company as well as an asset management company and an insurer that establish joint ventures with foreign companies. ICBC has also expanded into global markets through acquisitions and other means. It aims to become a global titan on par with financial groups like JPMorgan Chase and Citigroup of the U.S.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 1,157.45B
Gross profit --
Operating income 419,216.87M
Income before tax 421,419.34M
Net income 325,111.28M
EBITDA --
Diluted EPS 0.89
Dividends per share 0.26
Total assets 26,928.53B
Total liabilities 24,725.71B
Total equity 2,190.08B
Operating cash flow 264,761.29M

Currency in HKD

Revenue 149,109.84M
Gross profit --
Operating income 54,005.69M
Income before tax 54,289.42M
Net income 41,882.52M
EBITDA --
Diluted EPS 0.11
Dividends per share 0.03
Total assets 3,473.23B
Total liabilities 3,189.11B
Total equity 282,477.15M
Operating cash flow 34,107.92M

Currency in USD

Valuation measures

Dec 2016

PER 5.16
ROA 1.21%
ROE 15.03%
Operating margin 36.21%
Profit margin 28.08%

Key executive

  • General Manager-Finance & Accounting: Wen Wu Zhang
  • Senior Executive Vice President: Hao Hu
  • Executive Director & Senior Executive VP: Hong Li Zhang
  • Senior Executive Vice President: Hao Hu
  • Member-Supervisory Board & GM-Legal Affairs: Wei Zhang

Share holders

  • National Council for Social Security Fund(9.9%)
  • Temasek Holdings Pte Ltd. (Investment Management)(8.3%)
  • The Vanguard Group, Inc.(3.0%)
  • Hang Seng Investment Management Ltd.(2.2%)
  • BlackRock Fund Advisors(1.8%)
  • JPMorgan Whitefriars (UK)(1.0%)
  • Norges Bank Investment Management(1.0%)
  • Dimensional Fund Advisors LP(0.9%)
  • State Street Global Advisors Asia Ltd.(0.9%)
  • FIL Investment Management (Hong Kong) Ltd.(0.7%)

Address

  • Website: http://www.icbc.com.cn
  • Address: No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, 100140, China
  • Phone: +86.10.6610.6114

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